This is a follow up analysis on a stock we have been watching during this week: Supervalu.Inc (SVU).

As of today, some investors are closing positions in preparation of the earning release that is scheduled for Tuesday July 27.

The 8 exponential moving average is not longer holding support, which might point to price moving lower next week, especially if on Monday price opens below today's close.

One positive sign: Volume is low compared to the average traded shares during the past 12 months.

Watch this video for some technical insights.

Good trading!




Trading Risk Disclaimer

All the information shared in this course is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. This is not an offer to buy or sell stock, forex, futures, options, commodity interests or any other trading security.